Steel Industry

Part of the debate – in Westminster Hall at 9:30 am on 28th March 2001.

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Photo of Ashok Kumar Ashok Kumar Labour, Middlesbrough South and East Cleveland 9:30 am, 28th March 2001

I shall quote from the report. On Sir Brian Moffat and Corus, the Committee concluded:

"Nothing we heard from Sir Brian Moffat has led us to believe that the cuts announced on 1 February are part of a long-term strategy for the company's survival". The company has no long-term strategy, so how can anyone have faith in the future of the industry? As my hon. Friend mentioned, we are living with feast and famine. That is the crux of the matter.